Microsoft Acquired GitHub For $7.5 Billion

The rumours have been confirmed – Microsoft has acquired GitHub. The terms of agreement have stated that Microsoft will acquire the development platform, GitHub, for $7.5 billion in Microsoft stock.

GitHub was last valued at $2.5 billion in 2015. Since then, it has continued to make strides in the industry with developers and it seems Microsoft wanted in on the action.

What Is GitHub?

So what is GitHub, you ask?

Well, GitHub is a platform in which developers can upload their work and manage projects with the capacity to organise and review code, and you can even do so collaboratively. Developers can even build software among all other developers using GitHub.

For these reasons, GitHub is extremely popular with developers and some major companies, such as Apple and Google also make use of its services. Just earlier this year GitHub claimed that there are a staggering 28 million developers using its platform and that it has around 85 million code repositories. This easily makes GitHub the largest host of source code.

Microsoft has over 1,000 employees pushing code to GitHub repositories. So this must have been a sign that Microsoft was making a move. Microsoft still has a lot of work to do to prove itself, as it does not have the trust of developers as of yet.

What Are Microsoft’s plans?

Sataya Nadella, CEO of Microsoft has said, “Microsoft is a developer-first company, and by joining forces with GitHub we strengthen our commitment to developer freedom, openness and innovation”.

Microsoft clearly wants to prove themselves and the main way to do this is to continue in the direction that GitHub has set, as they now compete against competitors such as GitLab. If Microsoft plays their cards right, they could see themselves garnering a positive reputation with developers but only time will tell.

Microsoft will be retaining GitHub founder, Chris Wanstrath, who is set to become a Microsoft technical fellow and he will work on strategic software initiatives. Set to become GitHub CEO is Nat Friedman who is also Microsoft corporate vice president. GitHub intends on keeping its developers first ethos and it will function independently from Microsoft to ensure that the platform is open to all developers.

We are sure that Microsoft will treat this acquisition with great care but one can’t help but wonder how GitHub will fit into Microsoft’s overall business plan. They have stated for certain that GitHub will retain its developers first ethos, so we’ll just have to wait with bated breath.

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Megan is a self-taught blockchain enthusiast. She enjoys combining finance with technology, from a less-techy perspective. BiteMyCoin is her most recent project underneath the umbrella of an international digital marketing agency ANCHOVY.

Our mission is to guide you through the complex process of understanding cryptocurrency and Distributed Ledger Technologies in the most practical way – leaving you with a clear understanding of the market and helping you to take the first steps.

Megan was born in Poland but from a young age always sought to expand her horizons to a more cosmopolitan way of life.
At 19 she moved to the hub of tech and culture where she studied at City University in London. Keen on understanding media platforms and social interaction Megan graduated with a degree in Media and Sociology.
Looking forward Megan began to invest both her time and money into new industries and one, in particular, got her attention: Blockchain.
Megan would absorb all that she could and back in 2010 the blockchain market was more of a pipe dream than the business tycoon that it has evolved to be today.
Her young mind began to wonder where she could further her Cryptocurrency ventures and a little island in the middle of the Mediterranean seemed like the perfect spot.
While London gave her the grit and business foundation she needed, Malta was the next chapter and a flourishing island to home Blockchain.
Megan found the perfect balance with advanced finance technologies and routinely studying the market in which it lives.
BiteMyCoin is the result of Megan’s cryptocurrency passion and with every post, update and new piece the aim is to bring the reader one step closer to our future.

Zak Borg

Co-Founder

Zak takes care of the business side of things. He leads the business development and international growth of the agency. After completing his Masters of Engineering in Software Engineering for Embedded systems from Fraunhofer IESE, he teamed up with his brother Benji to set the foundation for ANCHOVY. Zak has a passion for the sea, and if he’s not at the office he’s driving his passion for long distance swimming, sailing and windsurfing.

Benji Borg

Co-Founder

After completing his degree in advanced character animation in California, he identified, together with his brother Zak, a niche in Malta’s market for a data-driven digital marketing agency – and the rest is history. A serial entrepreneur by nature, when he’s not pushing the boundaries on innovation and setting up new start-ups, Benji loves reading, observing people and enjoying the simple things in life. He’s an avid windsurfer, who has sailed semi-professionally since the age of 13 – but there’s nothing he loves more than spending time with his family, friends and his girlfriend.

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